- Kartoon Studios, Inc. entered into a securities purchase agreement with a single institutional investor for the purchase and sale of approximately **$7.3 million of equity**.  **[1355848_0001683168-25-007700_kartoon_ex9901.htm:0]** **[1355848_0001683168-25-007700_kartoon_8k.htm:1]** 
- The offering includes **3,000,000 shares of common stock**, pre-funded warrants to purchase up to **6,903,049 shares of common stock**, and common warrants to purchase up to **9,903,049 shares of common stock**.  **[1355848_0001683168-25-007700_kartoon_ex9901.htm:0]** **[1355848_0001683168-25-007700_kartoon_8k.htm:1]** 
- The net proceeds from the offering will be used for **working capital, general corporate purposes**, and to fund the global launch and marketing of _Hundred Acre Wood’s Winnie & Friends_, _Stan Lee Universe_ expansion, _Bitcoin Brigade_ rollout, and ongoing growth and content acquisition for Kartoon Channel!’s streaming service.  **[1355848_0001683168-25-007700_kartoon_ex9901.htm:0]** **[1355848_0001683168-25-007700_kartoon_8k.htm:1]** 
- The closing of the offering is expected to occur on or about **October 22, 2025**.  **[1355848_0001683168-25-007700_kartoon_ex9901.htm:0]** **[1355848_0001683168-25-007700_kartoon_8k.htm:1]**

Kartoon Studios (TOON)